Stocks To Watch: SBI, HDFC Bank, Adani Ent, Sun Pharma, LIC, IndiGo, IRFC, And Others | Markets News
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Stocks to watch: Shares of firms like SBI, HDFC Bank, Adani Ent, Sun Pharma, LIC, IndiGo, IRFC, and others will be in focus on Wednesday’s trade
Stocks To Watch Today, December 3
Stocks To Watch On December 3: Markets slipped on the weekly expiry session, declining nearly half a percent and extending the ongoing consolidation phase. The Nifty is once again nearing its immediate support zone around the 20-DEMA at 25,950, while the trendline support near 25,900 offers an added cushion.
“As traders navigate this phase, a stock-specific strategy remains ideal, with a short-term preference for auto, banking, pharma and IT stocks, along with selective short positions in weaker segments as a hedge,” said Ajit Mishra, SVP–Research at Religare Broking.
State Bank of India, HDFC Bank, and ICICI Bank:
The Reserve Bank of India has retained SBI, HDFC Bank and ICICI Bank in the list of systemically important banks, categorising them as “too big to fail” due to their size, complexity, interconnectedness and lack of substitutability.
Adani Enterprises:
Astraan Defence Limited (ADL), a step-down wholly owned subsidiary, has allotted 10.094 crore equity shares, representing 49% of ADL’s equity, to MSM Group S.R.O. at a board meeting held on December 2, 2025. Following this, Agneya Systems Limited’s stake in ADL has reduced from 100% to 51%.
Sun Pharmaceutical Industries:
The board of Sun Pharma Laboratories Limited, a wholly owned subsidiary, has approved an investment of ₹3,000 crore to set up a greenfield formulations manufacturing facility in Madhya Pradesh.
Life Insurance Corporation:
The central government has appointed Ramakrishnan Chander, earlier Executive Director and Chief Financial Officer at LIC, as Managing Director with effect from December 1.
Cohance Lifesciences:
The board has cleared a fund infusion of up to $10 million through investment in compulsorily convertible preferred stock of its US subsidiary, NJ Bio Inc., to support growth initiatives, including capex.
Bajaj Finance:
The company has sold equity shares of its subsidiary, Bajaj Housing Finance Limited, in the open market through a bulk deal as part of efforts to comply with minimum public shareholding norms.
InterGlobe Aviation (IndiGo):
The airline has received a penalty of ₹117.52 crore from the Joint Commissioner of Central Tax and Central Excise, CGST Kochi Commissionerate, Kerala, over denial of input tax credit. The company has stated that it considers the order erroneous and plans to contest it before the appropriate authority based on advice from its external tax advisors.
Housing and Urban Development Corporation:
The public sector lender is exploring a larger end-to-end financing role for grassroots corporations and urban local bodies to drive investments under the government’s proposed ₹1 trillion Urban Challenge Fund.
Motilal Oswal Financial Services:
The board has approved the issuance of up to 30,000 fully paid, secured, rated, redeemable and listed senior bonds in the form of non-convertible debentures, each with a face value of ₹1 lakh, aggregating up to ₹300 crore through private placement.
Maruti Suzuki India:
The automaker has signed collaboration agreements with 13 charge point operators and aggregators to strengthen EV infrastructure. Managing Director & CEO Hisashi Takeuchi and Senior Executive Officer (Marketing & Sales) Partho Banerjee were present at the signing.
Indian Railway Finance Corporation:
The company has executed a loan agreement with Sumitomo Mitsui Banking Corporation’s GIFT City branch in Gandhinagar to raise an external commercial borrowing of JPY equivalent to $300 million.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
About the Author
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, …Read More
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